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Commercial property returns at their highest level in a year | 15 February 2013

Commercial property returns at their highest level in a year | 15 February 2013

UK commercial property returns are at their highest level for 12 months, according to new research.

Figures gathered by Investment Property Databank (IPD) reveal that average returns jumped up to 0.4 per cent in January, indicating a encouraging recovery in the market.

The statistics also painted an encouraging picture for the office and industrial unit sectors, where yields of eight per cent and higher are becoming more and more common. The retail space sector has failed to match this performance though, with average yields dropping to around 4.4 per cent.

Bloomberg.com reports that capital values in the British commercial property market are continuing to fall. The rate of decline has to 0.2 per cent. Nevertheless, IPD UK managing director Phil Tily is confident that the market is showing signs of an overall improvement.

Speaking to property-magazine.eu, he said: “There are some encouraging signs starting to emerge, with pockets of improvement emerging throughout the UK.

“Returns are now at their highest in 12 months, and occupier demand in the office and industrial markets, outside of London, seems to be improving. With the pricing so keen for Central London assets, there may be more movement amongst investors to seek better value in the regions.”

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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